The tackifier market is projected to reach USD 3.56 Billion by 2020, at a CAGR of 4.8% from 2015 to 2020. The key factor responsible for the growth of the tackifiers market is the increased demand from the adhesives industry.

Packaging is the largest end-use industry for tackifiers, wherein tackifiers are used in flexible packaging, cases, cartoons, labels, and envelopes, among others. The demand for high quality packaging feedstocks, which have the capability to provide high cost versus performance benefits, such as correct open and setting time for successful closing of packaging products as well as growing demand from the food and beverages industry, is projected to boost the growth of the tackifier market in the near future.

The synthetic tackifiers segment accounted for a larger share of the overall market. The synthetic type of tackifiers are made from petroleum-based hydrocarbon resins, which include aliphatic resins (C5), aromatic (C9), and aliphatic/aromatic (C5/C9). With the development of the urban infrastructure and increased manufacturing activities, predominantly in the Asia-Pacific region and the recent decline in the crude oil prices are other factors that are expected to aid the growth of the synthetic tackifiers segment.

The tackifier market in Asia-pacific is anticipated to grow at the highest CAGR between 2015 and 2020. The economies in China and India have witnessed growth, fuelled by the increased construction activities and investments in the expansion or upgradation of manufacturing facilities. The improving standard of living and growing middle class population are expected to lead to growth in the tackifier end-use industries, such as packaging, nonwoven, and construction/assembly. China, Japan, and India are the major economies in Asia-Pacific and are expected to provide opportunities for the growth of tackifier end-use industries in near future. Initiatives taken by governments to promote growth in the manufacturing sectors will further aid the growth of the tackifiers market in these countries.

Estimating the future demand is a prime challenge for the tackifiers market, due to the economic slowdowns in various parts of the globe in the past decade. Many economies in the North America and European region have still not recovered completely, which has affected the demand for tackifiers from major end use industries in this region.

Eastman (U.S.), Arkema (France), DRT (Dérivés Résiniques et Terpéniques) (France), ExxonMobil Chemical (U.S.), Lawter (U.S.), Yasuhara Chemical (Japan), WestRock (U.S.) are some of the major players that are operating in tackifier market. These market players has a wide market reach with established distribution network and are investing more on the research and development activities. The market players has strong technical and market development capabilities that enabled it to upgrade its existing products for new market applications.

Figure 1 Tackifier Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Data Triangulation Methodology
Figure 6 Packaging Segment Expected to Drive the Growth of the Global Tackifier Market
Figure 7 Construction/Assembly Industry in Asia-Pacific to Drive the Global Tackifiers Market
Figure 8 The Global Tackifiers Market to Witness High Growth in Asia-Pacific
Figure 9 Asia-Pacific is Projected to Have the Highest Growth Potential in the Global Tackifier Market
Figure 10 The Tackifiers Market Projected to Register Moderate Growth During the Period Under Consideration
Figure 11 Nonwoven Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Europe Expected to Contribute the Largest Share to the Global Tackifier Market
Figure 13 China Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Packaging Industry Projected to Contribute the Largest Share During the Forecast Period
Figure 15 China Expected to Be Most Lucrative Market During the Forecast Period
Figure 16 Asia-Pacific Expected to Have the Highest Growth Potential in the Market
Figure 17 Drivers, Restraints, and Opportunities in the Tackifier Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Synthetic Segment to Register A Higher CAGR During the Forecast Period
Figure 20 Asia-Pacific to Drive Growth of the Synthetic Tackifier Markets
Figure 21 Asia-Pacific Expected to Drive the Demand for Natural Tackifiers
Figure 22 Pressure Sensitive Adhesive Application Segment Accounted for A Larger Share of the Tackifier Market
Figure 23 The Increased Demand From Asia-Pacific is Expected to Boost the Growth of the Pressure Sensitive Adhesives Application Segment
Figure 24 The Growing Demand for High Performance Hot Melt Adhesives is Expected to Drive the Growth of Tackifiers Market in Hot Melt Adhesive Application Segment
Figure 25 The Demand From the Tire Industry as A Reinforcing Agent Will Influence the Growth of the Tackifier Market
Figure 26 The Solid Segment Accounted for A Major Share of Tackifiers Market
Figure 27 Europe Contributed the Highest Share to Solid Tackifiers Market
Figure 28 The Rising Demand From End-Use Industries is Expected to Influence the Growth of the Resin Dispersion Tackifier Market
Figure 29 The Rise in Demand From the Adhesives Industry is Expected to Drive the Liquid Tackifiers Market
Figure 30 The Packaging End-Use Industry Segment to Witness Highest Growth During the Forecast Period
Figure 31 The Packaging Segment is Expected to Witness the Highest Growth in Asia-Pacific
Figure 32 The Bookbinding Segment is Expected to Witness the Highest Growth in Asia-Pacific
Figure 33 Tackifiers Market in the Nonwoven Industry to Be Dominated By Asia-Pacific
Figure 34 Asia-Pacific is Projected to Grow Highest CAGR in the Tackifier Market in Construction/Assembly During the Forecast Period
Figure 35 Asia-Pacific is Expected to Drive the Growth of the Tackifiers Market in Other End-Use Industries
Figure 36 Emerging Countries are Expected to Be New Strategic Locations for Tackifier Manufacturers
Figure 37 Germany is Expected to Witness the Highest Growth in the Tackifier Market in Europe
Figure 38 China is the Most Lucrative Market in Asia-Pacific
Figure 39 The U.S. Was the Largest Market for Tackifiers in In North America
Figure 40 Brazil is Expected to Drive the Growth of Tackifiers Market in Rest of the World
Figure 41 Key Growth Strategies in the Global Tackifiers Market, 2010–2015
Figure 42 Companies Primarily Adopted Organic Growth Strategies in the Last Three Years, 2012-2015
Figure 43 Tackifiers Market: Year-Wise Share of the Total Developments in the Market, 2010–2015
Figure 44 Regional Revenue Mix of Top Five Market Players
Figure 45 Eastman: Business Overview
Figure 46 Eastman: SWOT Analysis
Figure 47 Arizona Chemical: Business Overview
Figure 48 Westrock: Business Overview
Figure 49 Westrock: SWOT Analysis
Figure 50 Arkema: Business Overview
Figure 51 Arkema: SWOT Analysis
Figure 52 Arakawa Chemical Industries, Ltd.: Business Overview